Gold Stocks (HUI index; GDX) Run Ahead of Gold (GLD,IAU)

The GLD ETF is only up 0.02% while the gold stock ETF (GDX) is up 2.00%. Quite a difference. A market timing perspective and a fundamental perspective would BOTH be suspicious of the gold stock move. You might want to be as well! The two need to be moving together. They do not always run in complete synchrony, but the correlation is high. Gold stocks tend to make you more in a Bull move and lose you more in a Bear move. Wait for the gold ETF / gold to bounce before you buy into the gold stock ETF bounces today!

By the way, my SP500 tracking newsletter is out this weekend and its FREE, so please subscribe below if you are concerned about where the stock market may go from here:

Click Here to Subscribe to my FREE SP500Tracker™ Market Timing Newsletter and free “Tips”

Standard Disclaimer: Remember, it’s your money and your decision as to how to invest it.

Advertisements
This entry was posted in gold etf, gold stocks, Market timing and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s